• Discernible increase in activity in the office market with several requirements that had been on hold, now reactivated and some new requirements initiated
  • Dublin’s current vacancy rate of 9.6% expected to increase a little further before ultimately stabilising
  • With non-essential construction sites closed down since the beginning of the year, anticipated delivery dates for many new office schemes have been pushed out by at least 6 months         
  • Retailers hope to experience a repeat of the strong trading conditions & footfall experienced in the UK since trading recommenced last month                   
  • A shortage of modern industrial & logistics stock remains a consistent theme, with many occupiers resorting to negotiating pre-lettings or bespoke build-to-suit transactions in order to secure suitable facilities              
  • Prime industrial yields in the Dublin market have contracted further over recent months and are currently stable at approximately 4.25%                 
  • Most of the sales that are underway in the Irish investment market at present are targeted off-market processes. This will continue to be the case until lockdown restrictions ease and investors can travel to undertake inspections     
  • Core assets that offer long income are in demand across all sectors but those that offer the best ESG credentials are proving most attractive to occupiers and investors               
  • The last year has proven the durability of the residential rental market and the security of the income stream, which in turn is supporting strong investor appetite for opportunities in this sector               
  • Evidence from the US shows an increase in office workers returning to cities with high concentrations of tech employment, which in turn is reigniting demand for residential accommodation, which bodes well                             
  • An acute shortage of traditional housing sites continues to prevail in the development land market
  • More than €150 million of Dublin hotel transactions in active negotiations at present, with negotiations ongoing on a number of provincial assets also       
  • Spend on healthcare assets in Ireland in the years 2019, 2020 & 2021 is expected to be more than €1 billion. Spend in 2021 alone will likely be double the volume of the previous year
  • Prime industrial yields in Cork have hardened since the beginning of the year while prime industrial rents have increased in response to a severe shortage of modern stock